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What to Do If You Are Accused of Securities Fraud
Securities fraud is a type of white collar crime that involves the world of investments, primarily stocks, bonds, contracts, and notes. Securities such as these are regulated on both the state and federal levels with a number of regulations that must be followed. When someone ignores these regulations and makes a profit through theft, dishonesty, or cheating, it constitutes securities fraud. Here’s what you need to know about what to do if you are accused of securities fraud.
Don’t Talk Without a Lawyer
Securities fraud is typically investigated by the FBI or state authorities, although it is prosecuted by the Department of Justice. Whenever government officials question you or try to take a statement after you have been accused of securities fraud, they can and will use anything you say against you. It is important that you do not discuss the nuances of the case with them without an attorney present to protect you.
Suspend Transactions Temporarily
It can be a good idea to suspend or avoid transactions that you may have planned until after the investigation is over. Every move you make during the investigation will be questioned and examined. To avoid further complications of your case, you might want to refrain from trading or performing the activities that led to the investigation until it is over.
Hire an Attorney
As soon as you have any indication that you are being investigated for or accused of securities fraud, you should hire an attorney. The best defense for securities fraud is to have an attorney working with you on your side as early in the case as possible. If you hire an attorney quickly enough, you may be able to avoid formal charges entirely.
If you have been accused of securities fraud, or if you are being investigated, contact us today for more information or to schedule your consultation.